Welcome to our dedicated page for Greenbrier Cos news (Ticker: GBX), a resource for investors and traders seeking the latest updates and insights on Greenbrier Cos stock.
The Greenbrier Companies, Inc. (NYSE: GBX) is regularly featured in corporate news for its role as a leading international supplier of equipment and services to global freight transportation markets. Headquartered in Lake Oswego, Oregon, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil, and provides freight railcar wheel services, parts, maintenance, retrofitting, and leasing and management services in North America.
The GBX news feed on Stock Titan highlights earnings announcements, dividend declarations, investor events and corporate governance updates drawn from company press releases and SEC filings. Recent items include quarterly and annual financial results furnished on Form 8-K, cash dividend announcements, and webcasts and conference calls where management discusses financial performance. News also covers Greenbrier’s participation in investment conferences and industry meetings, as well as updates on its Annual Meeting of Shareholders.
Investors following GBX news can track Form 8-K earnings releases, details on cash dividends, and information about shareholder votes on matters such as director elections, stock incentive plans and amendments to articles of incorporation. Coverage also includes announcements related to the company’s investor relations leadership and its engagement with the rail and investment communities through webcasts and conference presentations.
This page aggregates Greenbrier-related headlines so readers can review company-issued updates on financial results, capital return decisions, governance matters and public presentations. For investors and observers of the freight railcar manufacturing and services sector, the GBX news stream offers a focused view of the company’s disclosed developments over time.
The Greenbrier Companies (NYSE:GBX) has launched Qamun, a 55,000 BBL Shallow Draft Double Hull Petroleum Tank Barge, developed by Greenbrier Marine. The vessel, designed for operation in Western Alaska, meets Ice Class and Polar Code standards, showcasing advanced environmental protections. Delivered to Crowley in April 2021, Qamun will work alongside the tug Aurora. This launch continues a successful partnership between Greenbrier and Crowley, highlighted by a private ceremony on March 6, 2021. The barge is compliant with the Jones Act and aims to enhance fuel supply capabilities in remote Alaskan regions.
The Greenbrier Companies (NYSE: GBX) has announced plans to establish a new leasing joint venture, GBX Leasing, in collaboration with The Longwood Group. This venture aims to acquire around $200 million in newly-built and leased railcars per year, primarily sourced from Greenbrier. Greenbrier will maintain a 95% ownership stake in GBX Leasing while leveraging tax advantages from recent legislation. The venture is set to enhance cash flows and reduce exposure to order cycles, with $300 million in initial warehouse debt planned.
The Greenbrier Companies (NYSE: GBX) announced senior management promotions, emphasizing active succession planning. Brian Comstock is appointed Chief Commercial & Leasing Officer, succeeding Mark Rittenbaum, who will retire in August 2022. Alejandro Centurion continues leading the Greenbrier Manufacturing Organization while William Krueger manages new facilities from the ARI acquisition. Rick Galvan takes over Greenbrier Rail Services, and Laurie Dornan is promoted to Chief Human Resources Officer. These changes aim to develop talent and enhance operational continuity.
The Greenbrier Companies (NYSE: GBX) announced the appointment of Admiral Thomas B. Fargo, USN (ret.) as Lead Director, effective January 2021. Fargo, an Independent Director since 2015 and Chair of the Compensation Committee since 2017, succeeds Duane McDougall, who held the role for seven years. In 2020, Fargo was instrumental in establishing a policy for the Chair of the Board to be an independent director post-CEO William A. Furman's retirement in 2022. The Board emphasizes good governance and active shareholder engagement as priorities moving forward.
The Greenbrier Companies reported Q1 FY21 financial results with revenue of $403 million, a decrease of 45% from the previous quarter. The net loss was $10 million, or $0.30 per share. Liquidity stands at $810 million, with a diversified backlog of 23,900 railcars valued at $2.35 billion. The adjusted EBITDA was $23 million, representing 5.8% of revenue. The board declared a quarterly dividend of $0.27 per share and extended a $100 million share repurchase program. Despite a challenging environment, the company anticipates demand recovery later in 2021, supported by strategic actions and backlog strength.
The Greenbrier Companies (NYSE: GBX) is set to hold its Q1 2021 financial results conference call on January 6, 2021, at 8:00 a.m. PDT. Interested parties can participate via the company's website or dial in at 1-630-395-0143 with the password 'Greenbrier'. The company specializes in manufacturing freight railcars and services, operating globally with a lease fleet of 8,400 railcars and managing 407,000 railcars in North America. Archivable access to the webcast will be available for 30 days.
The Greenbrier Companies (NYSE:GBX) has announced its Virtual Annual Shareholders Meeting scheduled for January 6, 2021, at 2:00 p.m. PST. Interested participants can log in to attend the meeting through the provided link, with a requirement for shareholders to use the control number from their proxy card. Greenbrier is a significant player in the global freight transportation market, specializing in the design, manufacturing, and services of freight railcars and marine barges across various international locations.
The Greenbrier Companies will present at the Stephens Annual Investment Conference on November 18, 2020, at 11:00 am EST. The event will be held virtually and can be accessed via a live webcast on their website. The webcast will also be archived for 30 days. Greenbrier is a prominent supplier of freight transportation equipment, specializing in railcars and marine barges, with extensive operations in North America and Europe. For more information, visit www.gbrx.com.
The Greenbrier Companies (NYSE: GBX) announced the release of its second annual Environmental, Social and Governance (ESG) report titled On Track Together, highlighting sustainability achievements for fiscal years 2019-2020. The report features GRI and SASB frameworks, covering governance, employee well-being, environmental metrics, and community contributions. Key highlights include 30% female board membership, the lowest Total Recordable Incident Rate, and over 24,000 volunteer hours. Greenbrier commits to enhanced diversity and measurable ESG goals for the coming years, addressing the importance of sustainable operations amid COVID-19.
The Greenbrier Companies (NYSE: GBX) reported its fourth quarter and fiscal year 2020 results. For Q4, net loss was $0.1 million on revenues of $636.4 million, impacted by costs linked to the ARI acquisition and severance. Adjusted net earnings were $5.5 million, with an EBITDA of $55.7 million. The company maintained liquidity of $919.6 million and a diverse backlog of 24,600 railcars valued at $2.4 billion. For FY2020, net earnings were $49.0 million on $2.8 billion in revenue. A quarterly dividend of $0.27 per share was declared, marking the 26th consecutive dividend.